Macroeconomics Books

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Book SynopsisNils Gottfries is a Professor of Economics at Uppsala University, Sweden and former editor of The Scandinavian Journal of Economics. He has published extensively in journals including the QJE, JPE, EJ, EER. Most of his research has been concerned with the microeconomic foundations of macroeconomics, particularly the theory of the supply side: prices, wages, and unemployment. He was a member of the Swedish commission on the EMU. He has been teaching macroeconomics regularly at the intermediate and graduate levels.Trade ReviewNils Gottfries's thoughtful, consistent and lucid exposition breathes fresh air into a macroeconomics textbook. It balances descriptive realism with conceptual coherence judiciously, and its application of principles to the experiences of many countries over many decades is very welcome. * John Driffill, Birkbeck, University of London, UK *This is a great book. It uses a consistent theory throughout, explains it well, and does a tremendous job in confronting theory with data. * Steinar Holden, University of Oslo, Norway *Instead of presenting macroeconomics as separate pieces linked in an ad hoc way, Gottfries presents a consistent approach. This, in addition to the distinctly international approach to economic data and examples, will make the book very attractive to lecturers and to their students. * M.A. (Martin) van Tuijl, Tilburg University, the Netherlands *This is a superb book! It contains a rigorous treatment of the New Keynesian model combined with illustrative examples and interesting policy discussions. Students will find the book well-written and easily accessible. * Fredrik NG Andersson, Lund University, Sweden *This book is an excellent and innovative new textbook for intermediate macroeconomics, where conventional macroeconomics is explained with a deeper emphasis on the role of microfoundations. This allows students to be exposed to modern macroeconomic analysis in a rigorous yet still accessible way. * Gianluigi Vernasca, University of Essex, UK *Table of ContentsIntroduction PART I: THE LONG RUN Production, Prices and the Distribution of Income Interest Rates and Investment Consumption and the Natural Rate of Interest Capital Accumulation and Growth Wage Setting and Unemployment Money and Inflation in the Long Run PART II: THE SHORT RUN The Interest Rate and Production in the Short Run Economic Activity and Inflation in the Short Run PART III: ECONOMIC POLICY Monetary Policy Fiscal Policy PART IV: THE OPEN ECONOMY Exports, Imports, and International Financial Markets The Open Economy in the Long Run The Open Economy in the Short Run Exchange Rate Systems and Monetary Union PART V: BUSINESS CYCLES, POLICYMAKING, FINANCIAL MARKETS Business Cycles Institutions and Economic Policy Financial Markets.

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Book SynopsisAn advanced treatment of modern macroeconomics, presented through a sequence of dynamic equilibrium models, with discussion of the implications for monetary and fiscal policy.This textbook offers an advanced treatment of modern macroeconomics, presented through a sequence of dynamic general equilibrium models based on intertemporal optimization on the part of economic agents. The book treats macroeconomics as applied and policy-oriented general equilibrium analysis, examining a number of models, each of which is suitable for investigating specific issues but may be unsuitable for others.After presenting a brief survey of the evolution of macroeconomics and the key facts about long-run economic growth and aggregate fluctuations, the book introduces the main elements of the intertemporal approach through a series of two-period competitive general equilibrium models—the simplest possible intertemporal models. This sets the stage for the remainder of the book, which

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Book SynopsisA concise but rigorous and thorough introduction to modern macroeconomic theory.This book offers an introduction to modern macroeconomic theory. It is concise but rigorous and broad, covering all major areas in mainstream macroeconomics today and showing how macroeconomic models build on and relate to each other. The self-contained text begins with models of individual decision makers, proceeds to models of general equilibrium without and with friction, and, finally, presents positive and normative theories of economic policy. After a review of the microeconomic foundations of macroeconomics, the book analyzes the household optimization problem, the representative household model, and the overlapping generations model. It examines risk and the implications for household choices and macroeconomic outcomes; equilibrium asset returns, prices, and bubbles; labor supply, growth, and business cycles; and open economy issues. It introduces frictions and analyzes their consequ

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Book SynopsisThis collection draws together the most significant writings on the economics of transition. Although there are a wide range of examples from different countries and industries, the focus is on analysis of the key issues. These include:* macroeconomics and stabilization* liberalization and the establishment of markets* property rights and the legal framework* reform of banking and finance, agriculture, and the trading system* the functioning of labour marketsThis collection draws on material from an enormous range of sources. It includes articles by Barry Eichengreen, Oliver Blanchard, Stanley Fischer and Janos Kornai.

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Book SynopsisThought-provoking and clearly explained, the new edition provides students of international economics and international business with a rigorous explanation of global economic theory and policy, both current trends and historic developments. It explores key models through case studies and review questions, enabling students to challenge the reporting of economic events by press and government alike. Split into 2 parts â International Trade and International Finance â the text explains conceptual building blocks before applying them to current events and controversies. Key issues discussed include: the influence of transportation costs economies of scale and the new economic geography the evaluation of preferential trade agreements european Economic and Monetary Union the integration of international financial markets international financial crises, China and other emerging economies. Fully illustrated with tables and figures to allow students to visualise the issues discussed, the lively prose gives this book a refreshing approach. An accompanying website also provides context and coverage of the international financial crisis of October 2008, including the so-called âcredit crunchâ and the collapse of some banking institutions.Table of Contents1. An Introduction: Life in an International Economy Part 1: International Trade and Trade Policy 2. Why Do Nations Trade? Some Early Answers 3. Why Do Nations Trade? Some Later Answers 4. Trade and the Role of Factor Endowments 5. Scale, Competition and Trade 6. The Theory of Protection Tariffs and Other Barriers to Trade 7. Arguments for Protection and the Political Economy of Trade Policy 8. International Mobility of Labor and Capital 9. Regional Blocs: Preferential Trade Liberalization 10. Commercial Policy and the WTO 11. Trade and Growth Part 2: International Finance and Open Economy Macroeconomics 12. The Balance of Payments and the Exchange Rate 13. Fundamentals of Exchange Rate Systems 14. An Introduction to Modeling the Open Economy 15. Extensions of the Basic Open Economy Model: Policy Effectiveness and the Large Open Economy 16. International Capital Markets 17. Modelling International Capital Markets 18. Policy Under Fixed Exchange Rates 19. Policy under Flexible Exchange Rates and Extensions of the Mundell-Fleming Model 20. Perfectly Flexible Prices and Exchange Rate Dynamics 21. The International Monetary System: A Brief History 22. European Monetary Integration 23. International Financial Crises

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Book SynopsisTrade Review"The literature on income distribution has undergone transformative change in the decade and a half since the first Handbook appeared. These timely new volumes by recognized scholars provide a comprehensive review of our current state of understanding and the challenges that inequality poses." --Robin Boadway, Queens University "Few issues are more topical, in both the academic and policy debates, than the distribution of income and wealth. This handbook takes the reader to the frontier of all aspects of these debates: its superb contributions, by the foremost experts in the field, cover historical developments, data issues, statistical methods, theoretical approaches, and policy implications. A must for academics and interested general readers alike." --Roberto Perotti, Università Bocconi "The increase in inequality is a pressing problem. Too often it is addressed with uninformed, oversimplified ideological slogans. If you want to go beyond those and really learn about this complicated topic, this is the essential and most complete book to read. A gem." --Alberto Alesina, Harvard University "In every academic discipline, fads come and fads go. But in economics the very core of our subject is the study of the distribution of income and well-being across the population. From this analysis stems all our best theories and our best empirical research. This Handbook distills that wisdom and presents the latest findings by those who happen to be giants in our discipline. Its chapters will provide the platform from which will emerge the most exciting and important research for decades to come." --Danny Quah, London School of EconomicsTable of ContentsPart III Explanations 14. Inequality in macro-economics. Jose-Victor Rios-Rull and Vincenzo Quadrini 15. Wealth and inheritance. Thomas Piketty 16. Intra-Household inequality. Pierre-André Chiappori and Costas Meghir 17. Health and inequality. Owen O'Donnell, Eddy van Doorslaer and Tom Van Ourti 18. Labour-market institutions and the dispersion of wage earnings. Wiemer Salverda and Daniele Checchi 19. Cross-country studies of the multiple causes of inequality in the OECD area. Michael F. Förster and Istvan György Toth 20. Globalization and inequality. Ravi Kanbur Part IV: Policies 21. Democracy, political institutions and inequality. James Robinson and Daron Acemoglu 22. Equitable development policies. Martin Ravallion 23. The welfare state and anti-poverty policy in rich countries. Brian Nolan, Ive Marx and Javier Olivera 24. Micro-simulation and policy analysis. Holly Sutherland, Alari Paulus and Francesco Figari

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Book SynopsisTable of ContentsPreface Trade Agreements: Issue Areas 1. Enforcement and Dispute Settlement J.-H. Park 2. The Escape Clause in Trade Agreements M. Beshkar and E.W. Bond 3. Dumping and Antidumping Duties B.A. Blonigen and T.J. Prusa 4. Subsidies and Countervailing Duties G.M. Lee 5. Non-Tariff Measures and the World Trading System J. Ederington and M. Ruta 6. Preferential Trade Agreements N. Limão 7. Special and Differential Treatment for Developing Countries E. Ornelas 8. Trade, Intellectual Property Rights, and the World Trade Organization K. Saggi 9. Issue Linkage G. Maggi

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Book SynopsisJohn Sloman was Director of the Economics Network from its foundation in 1999 until 2012 and is now Visiting Fellow at the University of Bristol, where the Network is based. John is also Visiting Professor at the University of the West of England, Bristol. Dean Garratt is a Senior Teaching Fellow at Aston Business School and Associate of the Economics Network. Dean is also an Academic Assessor for the Government Economics Service and a tutor on HM Treasury's Graduate Development Programme. Discover more on our Sloman Economics news site.

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Book SynopsisOlivier Blanchard studied at the University of Paris, Nanterre, and has taught at the Massachusetts Institute of Technology since 1982. He was Chief Economist at the International Monetary Fund between 2008 and 2015. He is currently the Fred Bergsten Senior Fellow at the Peterson Institute for International Economics in Washington. He also remains Robert M. Solow Professor of Economics Emeritus. Francesco Giavazzi is a Professor of Economics at Bocconi University in Milan and has been a visiting professor at the Massachusetts Institute of Technology for over a decade, where he teaches a course on Macroeconomics to Undergraduate students based on this textbook. Alessia Amighini is an associate professor of Economics at Universita del Piemonte Orientale in Novara, Italy, and an adjunct professor of international economics at the Catholic university in Milan.

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Book SynopsisMichael Parkin is Professor Emeritus of the University of Western Ontario. His books are used by over a million students across the world. Melanie Powell is Senior Lecturer in Economics and Postgraduate Course Director at Derby University Business School. Kent Matthews is Sir Julian Hodge Professor of Banking and Finance at the Cardiff Business School, Cardiff University, and Professor in Banking at Nottingham University Business School, University of Nottingham Ningbo China.Table of ContentsPart 1: The Scope of Economics What Is Economics? The Economic Problem Part 2: How Markets Work Demand and Supply Elasticity Efficiency and Equity Government Actions in Markets Global Markets in Action Part 3: Households, Firms and Markets Households' Choices Organising Production Output and Costs Perfect Competition Monopoly Monopolistic Competition Oligopoly Part 4: Coping with Market Failure Public Choices and Public Goods Economics of the Environment Part 5: Factor Markets, Inequality and Uncertainty Markets for Factors of Production Economic Inequality and Redistribution Uncertainty and Information Part 6: Monitoring Macroeconomic Performance Measuring GDP and Economic Growth Monitoring Jobs and Inflation Part 7: Macroeconomic Trends Economic Growth Finance, Saving and Investment Money, the Price Level and Inflation International Finance Part 8: Macroeconomic Fluctuations Aggregate Supply and Aggregate Demand Expenditure Multipliers The Business Cycle, Inflation and Deflation Part 9: Macroeconomic Policy Fiscal Policy Monetary Policy Glossary Index Publisher's Acknowledgements

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Book SynopsisMainstream textbooks present economics as an objective science, free from value judgements. This book demonstrates this to be a myth one which serves to make such textbooks not only off-puttingly bland, but also dangerously misleading in their justification of the status quo and neglect of alternatives.In this much-needed companion volume to the popular Microeconomics Anti-Textbook, Tony Myatt reveals how the blind spots and methodological problems present in microeconomics continue to exert their influence in mainstream macroeconomics. From a flawed conception of the labour market, to a Pollyana view of the financial sector, macroeconomic principles as they are set out in conventional undergraduate textbooks consistently fail to set out a realistic, useful, or equitable framework for understanding the world.By summarising and then critically evaluating the major topics found in a typical macroeconomics textbook, the Anti-Textbook lays bare their sins of omission and commissionTrade ReviewIf I was still teaching undergraduates, I would definitely use this book! * Roger E. A. Farmer, Distinguished Professor Emeritus at UCLA, USA, and Professor at the University of Warwick, UK *I have waited nearly a decade for the sequel to one of my favorite academic books and it was worth the wait. Myatt has crafted an easy-to-read book that presents the mainstream view in a clear way on one page and then thoroughly debunks it on the next. His ability to be straightforward and brief is a breath of fresh air in Economics. I used his 'questions for your professor' sections when I was an undergrad and stunned my professors time and time again. I urge you all to do the same. * James Mathew Harris, Educator *Table of ContentsTables and figures Acknowledgements Preface: What is an “anti” textbook, and why do we need one? Part 1: INTRODUCTION Ch1 What is macroeconomics Ch2 Measurement, mismeasurement and omission Part 2: LONG RUN ECONOMIC GROWTH Ch3 Growth: what we know and what we don’t Ch4 Growth: happiness and inequality Ch5 The financial system: the belly of the beast Part 3: SHORT RUN FLUCTUATIONS Ch6 Short-run macro models: a revolution that misfired Ch7 Fiscal policy: why deficits and debt might not matter Ch8 Money and banking: crony capitalism and the corruption it breeds Ch9 Monetary policy: the fixation on inflation Ch10 Unemployment and inflation: the political economy of unemployment Part 4: CONCLUSION Ch11 Summing Up

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Book SynopsisExam Board: OCR Level: A-Level Subject: Economics First Teaching: September 2015 First Exam: Summer 2016Create confident, numerate and well-prepared students with skills-focused, topic-specific workbooks.- Prepare students to meet the demands of the 2015 OCR A-Level Economics specification by practising exam technique and developing literacy and numeracy skills- Supplement key resources such as textbooks to adapt easily to existing schemes of work- Reinforce and apply topic understanding with flexible material for classwork or revision- Create opportunities for self-directed learning and assessment with answers to tasks and activities supplied online

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Book SynopsisExam Board: OCR Level: AS/A-level Subject: Economics First Teaching: September 2015 First Exam: Summer 2016Reinforce students'' understanding throughout the course. Clear topic summaries with sample questions and answers will help to improve exam technique to achieve higher grades.Written by experienced teacher Sam Dobin, this Student Guide will help you to:- Identify key content with a concise summary of topics examined in the 2015 OCR A level Economics specification- Measure understanding with exam tips and knowledge-check questions, with answers at the end of the guide- Develop independent learning skills with content that can be used for further study and research- Improve exam technique with sample graded answers to exam-style questions

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Book SynopsisAn indispensable roadmap and a refreshingly optimistic take on our economic future: Award-winning New Yorker staff writer and brilliant creator of NPR's Planet Money shows us how the 21st century economic paradigm offers unprecedented opportunities for curious, ambitious individuals to combine the things they love with their careers.Trade ReviewHis book injects some grounded, non-jargon-laden reality into the bland corporate-speak around notions of passion, engagement and purpose. * Financial Times *

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Book SynopsisA fresh look at the relationships between macroeconomic policy and the health sector. Includes country studies from India, Thailand, Mexico, Columbia and Zimbabwe.

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Book SynopsisSlowing economic growth and debt fatigue continue to hamper fiscal policy in the United States. The question is whether there is an alternative path to the one projected in CBO long term forecasts, and if so, how citizens can choose this alternative path. The experiences of Germany, Sweden, and Switzerland reveal that an alternative path of sustainable debt is possible, and that citizens in a democratic society are capable of choosing that path. This book explores the potential impact of Swiss-style fiscal rules on the U.S. budget and the economy over the next three decades. The dynamic simulation analysis reveals that with these fiscal rules in place, it is possible for the U.S. to stabilize and reduce debt to sustainable levels over the forecast period. The government must preserve policy credibility by demonstrating a commitment to meet the challenges of economic shocks. The recent economic crises have provided a learning experience, and the rules-based macroeconomic framework required for this new era may differ significantly from that of the past. With new fiscal rules in place, the U.S. can restore long term economic growth. However, empirical analysis reveals how difficult this challenge will be, and why the U.S. is likely to continue to experience debt fatigue.

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Book SynopsisAn urgent call to reform capitalism so that it stops failing women. Although the #MeToo movement has been hugely important, empowerment of the mind will not achieve full power for women while there remains economic inequality. Leading economist Vicky Pryce urgently calls for feminists to focus attention on this pressing issue: the pay gap, the glass ceiling, and the obstacles to women working at all. She shows that gender equality is good for business and economies, but the free market is wired to perpetuate inequality; only government intervention can empower women, with proper support and reward for their work. From the gendered threat of robot labour to the lack of women in economics itself, Women vs Capitalism is a bold and timely look at an uncomfortable truth: we will not achieve equality for women without radical changes to contemporary capitalism.Trade Review‘In ['Women vs Capitalism', Vicky Pryce] maintains that the free market is failing women and that correcting this is a win-win for everyone—and also critical to our economic prosperity.’ -- Sunday Times'A depressing indictment of modern capitalism, this book is a passionate argument for a way ahead.' -- Prospect'This book shines a much-needed light on discrimination that still holds too many women back – and what we can do about it. [For] policymakers, directors and women wondering what they can do to fight back, this is a fantastic book.' -- The Observer‘Pryce marshals an impressive array of up-to-date statistics and interesting anecdotes to demonstrate the ways in which capitalism is failing women.’ -- Literary Review'[Women vs Capitalism is] a powerful manifesto for our times, relentlessly piling up the evidence that women get a raw deal in the economy.' -- Irish Times‘The points Pryce makes are relevant for all economies trying to make the best use of limited resources … Highly recommended.’ -- CHOICE‘[Vicky Pryce has] brought together a lot of data to make her case [and she] addresses head on some of the pale excuses where critics seek to blame women themselves for the issues. … What is powerful [is] her central tenet that women’s economic empowerment is critical to market efficiency and that we need government intervention.’ -- Financial Times Adviser'Superb. An authoritative manual for the men upholding capitalism while holding back women and the economy, and a guidebook for women who want to change the world.' -- Ann Pettifor, author of 'The Production of Money''Vicky Pryce is one of Britain's most distinguished economic commentators. Her impassioned criticism and rich analysis argue powerfully that women's economic equality is both a moral question, and good economic sense. A clear-sighted call for change.' -- Rachel Reeves MP'A long overdue dissection of the vital subject of gender equality, through Vicky Pryce's forensic economic lens.' -- Polly Toynbee, 'The Guardian''Gender equality is an ongoing struggle fought on several fronts. The economic case presented here by Vicky Pryce has never been made so well or so vigorously.' -- Yasmin Alibhai-Brown, author, columnist and broadcaster'Vicky Pryce lends an eloquent voice and a forensic analysis to the growing worldwide realisation that capitalism needs to change.' -- Kate Pickett, co-author of 'The Spirit Level''A shocking, lucid account of how capitalism holds women back. If we are all to have a future, government policy must fundamentally change. Now.' -- Danny Dorling, University of Oxford; author of 'All That Is Solid' and 'Peak Inequality'

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Book SynopsisWhile it is central to today's politics, few people fully understand the National Debt and its role in shaping the course of British history. Without it, Britain would not have gained--and lost--two empires, nor won its wars against France and Germany. But Britain has also been moulded by attempts to break free of the Debt, from postwar Keynesian economics to today's austerity. Martin Slater writes a vivid tale coloured with some of the most dramatic incidents and personalities of Britain's past--from clashes between King and Parliament, American independence and war in Europe, to the abolition of slavery, the development of the Union and the role of leading figures such as Pitt, Gladstone, Adam Smith and Keynes. From medieval times to the 2008 financial crash and beyond, The National Debt explores the changing fortunes of the Debt, and so of Great Britain.Trade Review'An invaluable book on one of the UK’s most remarkable instruments of power: the National Debt.' 'Interesting . . . the National Debt has been used by brilliant minds such as Keynes to save the nation, and by shysters throughout the ages to kick the can and to obscure who is really paying for what.'‘[A] lively history, taking in wars, empires, constitutional change and slavery, of the National Debt from medieval times to the 2008 crash and beyond.’'Slater’s work is much more than a technical treatise. His book is an invaluable guide to the evolution of the national debt and its interaction with the economy and society.' -- Journal of Modern History‘Slater’s account of the origins of the National Debt, and of its management up to the nineteenth century, is the clearest, most illuminating and most convincing that I have read.’‘This sprightly written book surveys the history of National Debt from the Middle Ages until the financial crisis of 2008 . . . an even-handed account.’'Slater has done a superb job, combining a fantastically clear explanation of what the National Debt actually is with an entertaining account of its history. This remarkably readable book will appeal to many a concerned citizen.' -- Evan Davis'Short, clear and readable. Slater shows how the National Debt has been enveloped in a miasma of misunderstanding and misinformation, and valiantly sets out to clear up the mess.' -- Robert Skidelsky'A tremendously satisfying book. Slater does not just recount and enliven history; he also explains the evolution of economic theories that influenced politicians, divided economists, and that continue to fire up public debate. A must-read for all those concerned by austerity.' -- Ann Pettifor, author of 'The Production of Money''A comprehensive and comprehensible explanation of Britain's National Debt over the centuries. Slater provides much-needed perspective on why, and when, our government should borrow.' -- Alistair Darling'A timely reminder that, while financing the growing National Debt since 2008 has been relatively easy, the road ahead will likely be far less steady.' -- Vicky Pryce'A fascinating tour of British economic history.' -- Jonathan Portes, author of '50 Capitalism Ideas You Really Need to Know''Slater has written insightfully about one of the biggest economic issues of our times. Placing the National Debt in its historical context, this book is a must-read on whether our debt levels are too high.' -- Linda Yueh, author of 'The Great Economists'

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